As a newly appointed hiring manager at a startup, you’re tasked with bringing exceptional talent to the company. Your boss expects you to onboard and find qualified individuals to fill important vacant roles. Hence, you want to ensure a seamless recruitment process for your team and potential candidates.
That’s why you need to introduce artificial intelligence or AI-driven talent acquisition tools. According to Forbes, leveraging AI-powered digital technologies can transform how you screen resumes, schedule interviews, assess candidates, etc.
Examples include application tracking systems, candidate relationship management, and virtual interview platforms. Combining these recruitment tools can surely help streamline and automate the hiring process.
In this blog, we will discuss the benefits of using these AI-based talent acquisition tools for a startup.
#1. Application Tracking System (ATS)
Recently, many young candidates have started to believe that working in a startup could bring abundant growth opportunities from a non-hierarchical work culture. That’s why the rate of applications for jobs in startups and small businesses has increased.
As a recruiting manager, you must be prepared for any surge in candidate applications in your company. In April 2023, there was a hiring surge in startups despite economic uncertainties. When that happens, many startups need help screening applicants properly and hiring qualified employees. That’s where an ATS could come in handy.
This software can automatically organize and track individual job applications, reducing your team’s manual work. A small business or a startup will benefit from the pre-screening and sorting features in an ATS. Moreover, it uses AI software to filter and sort applications based on keywords from the talent pool.
Overall, an ATS can analyze data and simplify the hiring process for your talent acquisition team. This tool makes the process scalable, efficient, and quicker. If your startup requires large-scale recruitment at any point, an ATS can help save money and time.
Startups can also use this tracking system for first-level screening operations. The AI used in this software can scan for qualified experience and skills in every applicant. Hence, you can objectively evaluate talent with this tool.
#2. Candidate Relationship Management Software (CRM)
Candidate relationship management systems unify different touch points across your startup’s ATS, email, LinkedIn, etc. With CRM software incorporated with ATS, hiring managers can easily discover qualified candidate profiles after creating diverse talent pools and visualizing relationship histories.
According to Gem, talent acquisition managers at a startup can proactively build recruitment pipelines with qualified and talented candidates using CRM software. With this tool, you can get updates about candidate interactions and applications in one place. Moreover, it uses AI to help you swiftly find the right talent based on relevant skills for every job description.
If you only use an ATS for talent acquisition, your team might overlook past candidates who are now qualified for the job. However, a CRM system won’t let you embark on finding fresh talent without analyzing the existing applicant pool first. This AI-powered feature not only saves time but also helps your company re-engage with qualified applicants.
With CRM software, you can make the applicant tracking system informative, better, and more relevant. The AI in these tools helps the team keep track of every candidate’s journey from recruitment platforms to the company’s ATS. This software can automatically update applicant profiles with career changes and recent milestones.
All of these are possible because the CRM software is designed to nurture prospects, build talent pools, and attract candidates through social marketing. You’ll also benefit from unique features and modules like content libraries, chatbots, career sites, virtual event capabilities, etc.
#3. Automated Interview Scheduler Tool
Many believe that scheduling interviews is one of the toughest hurdles to overcome in the recruitment process. There can be difficulty in coordinating time, missed emails, and scheduling multiple interviews with different candidates. In 2023, approximately 49% of candidates left the recruitment process because it took too long to schedule interviews.
That’s where automated interview scheduling software comes into the picture. As a recruitment manager at a startup, you can save time by automating some of the interview workflows. This AI-powered tool will reduce the need for manually contacting candidates and entering interview data.
Automating the interview scheduling process deters you from spending too much time on lengthy email communication with the applicant. As a result, it streamlines engagement between your team and the candidates. Even the HR department can benefit from this tool because it helps them with resource management.
Similarly, AI in these tools ensures that you can build a structured and consistent interview process without any issues. It also comes with features like automated candidate references and workflow automation.
In conclusion, you’ll need AI-powered recruitment tools to hire the best talent for your startup. As a hiring manager, you must ensure that the candidates you screen have the right potential. One way to do that is by automating the hiring and recruitment processes. Tools like the ATS, CRM systems, and automated interview scheduling will help.